Donor Partnerships
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Benin: EBRD shareholder profile
Benin has become the 75th shareholder and first sub-Saharan African country to join the European Bank for Reconstruction and Development (EBRD) when it completed its membership process in April 2024.
Benin submitted a request to join the Bank in July 2023 and the Board of Governors approved its membership in October 2023.
At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement Establishing the Bank to enable the limited and incremental expansion of its operations to sub-Saharan Africa and Iraq.
Once the amendment is in force, which requires formal acceptance by the majority of the EBRD’s shareholders, the Bank will be able to take forward Benin’s request to become a country of operation.
As a recipient country, Benin would benefit from the EBRD’s finance and policy support.